PPP Loan information for Mechanical energy corp

$156,308

Mechanical energy corp was initially approved for PPP Loan of amount $156,308, the current approved amount is $156,308. The loan was approved on 02/07/2021 by The Needham Bank reported 9 jobs and $156,308 was used to fund payroll.

Mechanical energy corp is Existing or more than 2 years old

PPP Loan Search / MA / East Walpole / Mechanical energy corp

MECHANICAL ENERGY CORP

Date Approved

02/07/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

MECHANICAL ENERGY CORP

Borrower Address

153 Washington St

Borrower City

East Walpole

Borrower State

MA

Borrower Zip

02032-1163

Loan Status Date

10/23/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

156307.50

Current Approval Amount

156307.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

89236

Servicing Lender Name

Needham Bank

Servicing Lender Address

1063 Great Plain Ave

Servicing Lender City

NEEDHAM

Servicing Lender State

MA

Servicing Lender Zip

02492-2302

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

East Walpole

Project County Name

NORFOLK

Project State

MA

Project Zip

02032-1163

CD

MA-08

Jobs Reported

9

NAICS Code

238220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

156301.50

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

89236

Originating Lender

Needham Bank

Originating Lender City

NEEDHAM

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

157149.82

Forgiveness Date

09/08/2021

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